Bitcoin halving cycle: Peter Brandt dey see $250K by 2029, dey warn say e go drop for 2026
Veteran trader Peter Brandt tok say Bitcoin (BTC) fit reach $250,000 by late 2029, him dey use the four-year BTC halving (miner reward) cycle as him main framework. Him talk say the next steady rally fit need long bottom and extended consolidation, meaning clear bottom fit never show until around September–October 2026.
Brandt no dey rule out say price fit fall first. For him scenario analysis, BTC fit sidon or even slide lower before e turn up. For worst case, Bitcoin fit fall near $50,000, then e go get stronger rebound wey go carry BTC go near $250,000 by end of 2029.
Him also mention historical timing: Bitcoin dey often peak about 16–18 months after each halving, and bear markets fit still take more time to bottom. As example, after the April 2024 halving, BTC peak around October 2025 (~18 months). For the next halving wey dey expected in 2028, him forecast say the bear market go end around October 2026.
Brandt compare this with other analysts wey dey claim the bear market don bottom already in early February near $60,000. Since then, BTC don reportedly rise more than 25% to about $80,300. Brandt stress say him forecast na scenario-based and fit change if price action no follow the plan.
Neutral
Brandt view for traders mixed: structurally e dey bullish for long term (BTC $250K by late 2029) but e clear say e go tolerate short- to mid-term drawdowns (no clear bottom till Sep–Oct 2026; fit retest near $50K). That combo fit make market volatility stay high and make traders take defensive positions or do range trading for the next few months, even if the big cycle story still dey supportive.
For short term, him talk say "prolonged bottom/consolidation" fit reduce follow-through up after recent rallies (e dey against the claim say full bottom don already happen early February). For long term, the halving-timing framework fit encourage dip-buying and push bullish sentiment toward the next cycle peak. When you balance the two effects—possible downside risk plus long-run upside—this one best to classify as neutral for BTC immediate trading impact, no be clearly bullish or bearish signal.